Sell Sidecar Triggered After Kospi Slumps

A sell sidecar was triggered on the benchmark stock market, suspending the validity of program sell orders on the KOSPI market for five minutes.

The Korea Exchange said the KOSPI 200 futures index stood at 1,070.80 at 11:23:49 a.m. on July 24, down 56.88 points, or 5.04%, from the previous session’s close.

Ko Jung-sam, Hankyung.com reporter, jsk@hankyung.com